◆…Photo=NewenAI,
, ‘NewenAI, which is planning to go public on the KOSDAQ, has passed the preliminary screening for listing, signaling a green light for its IPO.’,
, ‘NewenAI (formerly RSN, CEO Seong-Hwan Bae), a company specializing in big data analysis based on generative artificial intelligence (AI), officially announced on the 15th that it received preliminary approval for listing from the Korea Exchange. The lead underwriter is NH Investment & Securities.’,
, ‘Founded in 2004, NewenAI is a company that provides enterprise subscription services based on AI technology. The company’s core foundation of AI technology, its data holdings amount to 180 billion entries, the largest in Korea.’,
, ‘In addition, it holds 900 analysis models for various industries and operations, offering optimized solutions for a wide range of industries.’,
, “Centered around the colloquial language model-based ‘Quetta’ service, NewenAI operates a customer-tailored subscription AI solution business. Its main services include ▲ ‘Quetta Enterprise’, a customer-tailored data analysis system ▲ ‘Quetta Service’, a universal data provision service ▲ ‘Quetta Data’, a data refining and processing service.”,
, ‘Recently, over a seven-year span (2018-2024), NewenAI recorded an average annual sales growth rate of 17.5%. Particularly, more than 90% of its total sales are generated from the private sector, proving its market competitiveness, while maintaining a stable revenue structure with a customer retention rate of 73% for more than three years and an average contract duration of 10 years.’,
, ‘Previously, NewenAI received excellent evaluations in terms of the completeness of its core AI technology, business viability, and growth potential during the technical evaluation for its KOSDAQ listing, earning A, A ratings from NICE Evaluation and Information Service and the Korea Technology Finance Corporation respectively.’,
, ‘The proceeds from this public offering will be used for ▲ research and development for new product launches ▲ various expenses for overseas market expansion.’,
, ‘CEO Seong-Hwan Bae of NewenAI stated, “NewenAI is leading the industry with its proprietary AI technology providing customer-tailored subscription solutions and offering unprecedented experiences,” and added, “Through this KOSDAQ listing, we aim to achieve technological advancement and present the unique changes possible with NewenAI to more and diverse global customers.”